Great to see the iron ore price breaking above US$ 130/t this morning. I reckon it costs these guys about US$ 90/t to get their product into the customer's hands - so US$ 40/t profit. If they can produce 1,200,000t a year then that would be US$ 48m at this IO price (vs market cap of US$ 37m). Add in the stockpile of 560,000t x US$ 40 = US$ 22m. US$ 70m total. If they paid it all out, 200% dividend yield on today's price.
Please can management just get the product moving. Sell, sell, sell!
Iron Ore Futures (Daily Chart, US$ /t)
Great to see the iron ore price breaking above US$ 130/t this...
Add TI1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.21M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| TI1 (ASX) Chart |
Day chart unavailable